AMN Net Receivables vs Non Current Liabilities Total Analysis

AMN Stock  USD 60.18  2.18  3.50%   
AMN Healthcare financial indicator trend analysis is way more than just evaluating AMN Healthcare Services prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AMN Healthcare Services is a good investment. Please check the relationship between AMN Healthcare Net Receivables and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AMN Healthcare Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Net Receivables vs Non Current Liabilities Total

Net Receivables vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AMN Healthcare Services Net Receivables account and Non Current Liabilities Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between AMN Healthcare's Net Receivables and Non Current Liabilities Total is 0.83. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of AMN Healthcare Services, assuming nothing else is changed. The correlation between historical values of AMN Healthcare's Net Receivables and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of AMN Healthcare Services are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Net Receivables i.e., AMN Healthcare's Net Receivables and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Net Receivables

Non Current Liabilities Total

Most indicators from AMN Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AMN Healthcare Services current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AMN Healthcare Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
At this time, AMN Healthcare's Selling General Administrative is very stable compared to the past year. As of the 16th of May 2024, Discontinued Operations is likely to grow to about 993.8 K, while Sales General And Administrative To Revenue is likely to drop 0.16.
 2021 2022 2023 2024 (projected)
Gross Profit1.3B1.7B1.1B1.1B
Total Revenue4.0B5.2B3.8B4.0B

AMN Healthcare fundamental ratios Correlations

0.940.860.950.870.890.930.770.910.930.920.660.980.920.450.940.660.950.980.690.170.950.84-0.640.990.79
0.940.730.820.70.850.940.750.990.950.850.450.980.890.251.00.450.820.990.630.031.00.83-0.790.970.92
0.860.730.930.830.70.750.60.670.720.830.840.790.690.510.720.840.90.790.480.140.740.71-0.40.840.5
0.950.820.930.870.790.80.70.770.870.950.770.890.80.440.830.770.990.890.610.170.830.84-0.560.930.65
0.870.70.830.870.790.810.760.640.70.730.770.820.820.730.680.770.880.780.670.270.720.61-0.280.810.43
0.890.850.70.790.790.880.570.840.760.740.450.910.910.470.840.450.80.870.840.470.880.64-0.450.880.72
0.930.940.750.80.810.880.740.920.870.760.550.970.930.490.920.550.790.940.670.160.940.72-0.590.930.77
0.770.750.60.70.760.570.740.720.770.660.530.760.750.330.750.530.710.770.42-0.270.740.61-0.570.750.63
0.910.990.670.770.640.840.920.720.940.830.360.960.860.20.990.360.770.970.620.010.990.82-0.820.950.94
0.930.950.720.870.70.760.870.770.940.930.450.940.810.190.960.450.880.970.58-0.070.950.94-0.870.960.9
0.920.850.830.950.730.740.760.660.830.930.590.870.730.170.870.590.950.90.610.060.850.94-0.760.930.79
0.660.450.840.770.770.450.550.530.360.450.590.550.590.570.441.00.730.520.330.170.460.37-0.060.60.19
0.980.980.790.890.820.910.970.760.960.940.870.550.930.420.970.550.880.990.680.130.990.82-0.690.990.84
0.920.890.690.80.820.910.930.750.860.810.730.590.930.470.880.590.810.90.730.290.90.61-0.490.90.75
0.450.250.510.440.730.470.490.330.20.190.170.570.420.470.210.570.430.350.270.340.280.10.250.36-0.11
0.941.00.720.830.680.840.920.750.990.960.870.440.970.880.210.440.820.990.630.011.00.85-0.810.970.94
0.660.450.840.770.770.450.550.530.360.450.591.00.550.590.570.440.730.530.330.170.460.38-0.060.60.19
0.950.820.90.990.880.80.790.710.770.880.950.730.880.810.430.820.730.890.640.190.830.85-0.570.930.66
0.980.990.790.890.780.870.940.770.970.970.90.520.990.90.350.990.530.890.640.050.990.86-0.750.990.88
0.690.630.480.610.670.840.670.420.620.580.610.330.680.730.270.630.330.640.640.640.660.52-0.330.670.58
0.170.030.140.170.270.470.16-0.270.01-0.070.060.170.130.290.340.010.170.190.050.640.08-0.070.360.12-0.06
0.951.00.740.830.720.880.940.740.990.950.850.460.990.90.281.00.460.830.990.660.080.82-0.760.980.91
0.840.830.710.840.610.640.720.610.820.940.940.370.820.610.10.850.380.850.860.52-0.070.82-0.870.860.79
-0.64-0.79-0.4-0.56-0.28-0.45-0.59-0.57-0.82-0.87-0.76-0.06-0.69-0.490.25-0.81-0.06-0.57-0.75-0.330.36-0.76-0.87-0.72-0.9
0.990.970.840.930.810.880.930.750.950.960.930.60.990.90.360.970.60.930.990.670.120.980.86-0.720.85
0.790.920.50.650.430.720.770.630.940.90.790.190.840.75-0.110.940.190.660.880.58-0.060.910.79-0.90.85
Click cells to compare fundamentals

AMN Healthcare Account Relationship Matchups

AMN Healthcare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B2.4B3.1B2.9B2.9B3.1B
Short Long Term Debt Total722.3M955.5M867.1M861.0M1.3B1.4B
Other Current Liab249.8M284.8M603.0M464.7M284.3M298.5M
Total Current Liabilities378.1M423.0M969.4M857.9M656.1M688.9M
Total Stockholder Equity736.7M819.7M1.2B1.0B831.3M439.7M
Other Liab108.4M175.1M144.8M133.9M154.0M161.7M
Property Plant And Equipment Net194.7M193.9M154.9M165.5M191.4M201.0M
Current Deferred Revenue11.8M11.0M16.0M11.8M20.0M10.3M
Net Debt639.3M926.3M686.1M796.4M1.3B1.3B
Retained Earnings400.0M469.6M796.9M1.2B1.5B1.5B
Accounts Payable102.5M107.5M339.0M373.3M343.8M361.0M
Cash83.0M29.2M180.9M64.5M32.9M28.7M
Non Current Assets Total1.4B1.8B1.8B1.8B2.1B2.2B
Non Currrent Assets Other182.4M196.5M221.2M133.0M213.4M224.1M
Other Assets182.4M274.2M221.2M217.0M1.00.95
Long Term Debt617.2M858.0M842.3M843.5M1.3B1.4B
Cash And Short Term Investments83.0M29.2M180.9M64.5M32.9M29.4M
Net Receivables425.4M450.1M1.0B944.4M741.2M778.3M
Good Will595.6M864.5M892.3M935.4M1.1B1.2B
Common Stock Total Equity493K496K498K501K576.2K495.4K
Common Stock Shares Outstanding47.6M47.7M48.0M44.9M39.3M45.2M
Liabilities And Stockholders Equity1.9B2.4B3.1B2.9B2.9B3.1B
Non Current Liabilities Total816.8M1.1B1.0B986.8M1.4B1.5B
Other Current Assets16.1M15.6M37.6M84.7M67.6M70.9M
Other Stockholder Equity336.1M349.6M364.9M(196.9M)(620.5M)(589.5M)
Total Liab1.2B1.5B2.0B1.8B2.1B2.2B
Property Plant And Equipment Gross104.8M193.9M154.9M165.5M511.0M536.6M
Total Current Assets560.5M533.7M1.3B1.1B841.7M883.8M
Accumulated Other Comprehensive Income152K40K(295K)(939K)(423K)(444.2K)
Short Term Debt13.9M19.7M11.4M8.1M8.0M7.6M
Intangible Assets398.5M564.9M514.5M476.8M474.1M259.1M
Common Stock493K496K498K501K504K497.9K
Property Plant Equipment104.8M116.2M154.9M149.3M171.7M180.3M
Short Term Investments62.2M61.3M64.5M61.2M68.8M45.7M
Inventory36.0M38.8M101.7M1.01.151.09
Treasury Stock(33.4M)(100.4M)(119.1M)(121.8M)(140.1M)(147.1M)
Net Tangible Assets(257.3M)(609.7M)(244.8M)(368.6M)(331.7M)(315.1M)
Retained Earnings Total Equity400.0M469.6M796.9M1.2B1.4B1.5B
Long Term Debt Total617.2M858.0M842.3M843.5M970.0M1.0B
Capital Surpluse455.2M468.7M486.7M501.7M576.9M494.8M

Pair Trading with AMN Healthcare

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AMN Healthcare position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AMN Healthcare will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to AMN Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMN Healthcare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AMN Healthcare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AMN Healthcare Services to buy it.
The correlation of AMN Healthcare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AMN Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AMN Healthcare Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AMN Healthcare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether AMN Healthcare Services offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AMN Healthcare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Amn Healthcare Services Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amn Healthcare Services Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AMN Healthcare Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running AMN Healthcare's price analysis, check to measure AMN Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AMN Healthcare is operating at the current time. Most of AMN Healthcare's value examination focuses on studying past and present price action to predict the probability of AMN Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AMN Healthcare's price. Additionally, you may evaluate how the addition of AMN Healthcare to your portfolios can decrease your overall portfolio volatility.
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Is AMN Healthcare's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AMN Healthcare. If investors know AMN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AMN Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.78)
Earnings Share
3.79
Revenue Per Share
90.829
Quarterly Revenue Growth
(0.27)
Return On Assets
0.0554
The market value of AMN Healthcare Services is measured differently than its book value, which is the value of AMN that is recorded on the company's balance sheet. Investors also form their own opinion of AMN Healthcare's value that differs from its market value or its book value, called intrinsic value, which is AMN Healthcare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AMN Healthcare's market value can be influenced by many factors that don't directly affect AMN Healthcare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AMN Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if AMN Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AMN Healthcare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.